(9/1/23) Anticipating Jobs Report (187k vs 170k estimated); bad news is good news. Inflation is here to stay; wage growth is slowly cooling; Lending Club survey on living paycheck to paycheck & non-essential spending. The "winter" of society is here; Neil Howe's "The Fourth Turning is Here;" the need for household financial rules; the geopolitical risk seems higher than at anytime in our lifetimes. The need for a financial vulnerability cushion. The manipulation by the media. The foolishness of allowing political sentiment to guide investment. Preview of our next Candid Coffee, Financial Fitness Podcast, and show swag; Changes in 529's and what to do with left-over money; filling out the FAFSA; the FAFSA Simplification Act. How grandparents can contribute to college education. Advantages of going to trade school. What is a university's ROI? Thrift Store Finds & Old Homes' Walls; the Secure Act should be called the "Rothification Act of America;" what happens in 2026?? Forced catch-up in Roth implications & tax rule sunset.
SEG-1: Inflation is Here to Stay
SEG-2: Living Paycheck to Paycheck & Non-essential Spending
SEG-3: Coming Changes in 529's & FAFSA
SEG-4: Thrift Store Finds; the Rothification of America
Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP, w Senior Financial Advisor Danny Ratliff, CFP
Produced by Brent Clanton, Executive Producer
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Watch today's show on our YouTube channel:
https://www.youtube.com/watch?v=ldE2JtxJ_54&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1
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The latest installment of our new feature, Before the Bell, "Will September Weakness Return?" is here:
https://www.youtube.com/watch?v=6H_9akXBRrU&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1
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Our previous show is here: "Has the Fed Already Broken Something?"
https://www.youtube.com/watch?v=jWmqq-Eqr2o&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1
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Articles mentioned in this report:
"Inflation And Deficits And QT, Oh My -Part 2"
https://realinvestmentadvice.com/inflation-and-deficits-and-qt-oh-my-part-2
"10 Best Days – A Meme For Every Bull Market"
https://realinvestmentadvice.com/10-best-days-a-meme-for-every-bull-market/
"Deficit Surge Will Lead To Lower Rates, Not Higher"
https://realinvestmentadvice.com/deficit-surge-will-lead-to-lower-rates-not-higher/
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Get more info & commentary:
https://realinvestmentadvice.com/newsletter/
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Contact Us: 1-855-RIA-PLAN
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